Slide 1: Taiwan Mobile Co., Ltd. 1Q15 Results Summary
Taiwan Mobile Co., Ltd. 1Q15 Results Summary April 30, 2015 1
Slide 2: Disclaimer
Disclaimer The information contained in this presentation, including all forward- looking information, is subject to change without notice, whether as a result of new information, future events or otherwise, and Taiwan Mobile Co., Ltd. (the “Company”) undertakes no obligation to update or revise the
Slide 3: Business Overview
Business Overview 3
Slide 4: Continuous 4G Business Expansion
Continuous 4G Business Expansion Mobile Service Revenue1 - Based on IFRS – Residual Value Method, i.e. 4G User Penetration Rate excluding revenue adjustments under the current - 4G postpaid user number as % of postpaid bundle sales accounting policy installed base Unit: NT$mn +0.2% YoY Note 1: Adjus
Slide 5: Steady Growth in the CATV Business
Steady Growth in the CATV Business Sub base 1Q15 ARPU YoY growth Analogue TV 1% $494 Cable Internet 6% $545 DTV 27% $133 Blended ARPU * $810 +2% YoY * Calculation based on total cable TV revenue excluding content agency revenue
Slide 6: Brisk Performance in the E-Commerce Business
Brisk Performance in the E-Commerce Business momo 1Q15 1Q14 YoY (Unit: NT$bn) Total Revenue 6.26 5.66 11% - Online Shopping 4.07 3.35 21% - TV Home Shopping & Others 2.19 2.31 -5% EBITDA 0.33 0.32 4% EBITDA margin 5.2% 5.6% -0.3ppts 6
Slide 7: Financial Overview
Financial Overview 7
Slide 8: Results Summary
Results Summary 1Q15 NT$mn % of Amount YoY QoQ Forecast Revenue 29,718 7% -2% 98% Cost (20,980) 17% -2% 99% Operating expense (4,397) -5% -5% 92% Operating income 4,341 -15% 5% 100% Net non-oper. items (194) 508% 186% 103% Income before tax 4,146 -18% 2% 99% Net income 3,813 -7% 25% 113% EPS (NT$) 1
Slide 9: Performance by Business
Performance by Business Revenue EBITDA NT$bn Telecom CATV momo Total Telecom CATV momo Total 1Q15 21.73 1.62 6.26 29.72 6.33 0.89 0.33 7.59 % of 73% 5% 21% 100% 83% 12% 4% 100% total 1Q15 6% 3% 11% 7% -4% 3% 4% -2% YoY 4Q14 4% 2% 13% 6% -8% 6% 29% -5% YoY Note: The combined total of telecom, CATV an
Slide 10: Balance Sheet Analysis
Balance Sheet Analysis NT$bn 1Q15 4Q14 1Q14 1Q15 4Q14 1Q14 Total Assets 157.23 153.54 142.93 Liabilities 87.10 87.04 78.52 Current Assets 33.29 32.83 28.54 Current Liabilities 56.12 53.47 49.62 - Cash & Cash Equivalents 8.22 7.90 8.18 - ST Debts 30.99 26.70 25.55 - Accounts Receivable 15.03 15.02 14
Slide 11: Cash Flow Analysis
Cash Flow Analysis NT$bn 1Q15 4Q14 1Q14 Operating Cash Flow 5.38 7.23 6.84 Investing Cash Flow (6.68) (10.23) (0.99) Financing Cash Flow 1.62 3.90 (5.63) NT$bn 1Q15 4Q14 1Q14 Cash CAPEX (3.29) (4.07) (2.27) Free Cash Flow 2.09 3.16 4.57 11
Slide 12: Event Updates
Event Updates 12
Slide 13: Event Updates
Event Updates 2014 Earnings Distribution TWM’s board meeting today (April 30, 2015) approved a proposal to distribute NT$15.24bn in cash dividends, translating into a 102% payout to shareholders. Dividend per share is NT$5.6 on 2.72bn shares, excluding treasury shares held by 100%-owned subsidiaries
Slide 14: Event Updates: Awards and Recognition
Event Updates Awards and Recognition − Received honors in the categories of Taiwan’s Best Managed Public Companies, Best Corporate Governance, Best Investor Relations and Best Committed to Paying Good Dividends in FinanceAsia magazine’s 2015 Asia’s Best Companies Poll. − TWM’s 4G download speed rank
Slide 15: Key Message
Key Message Taiwan Mobile is committed to enhancing shareholder returns, evidenced by the board’s resolution to maintain a stable DPS in 2015. Steady expansions in the 4G revenue streams will continue to absorb the high 4G start-up costs. The company saw a sequential improvement in EBITDA in 1Q15. N
Slide 16: Q&A
Q&A 16